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UBS Remains a World Leader in Hedge Funds
UBS remains a world leader in hedge funds through its Alternative and Quantitative Investments (A&Q) business within Global Asset Management.
A&Q has USD 51.8 billion in invested assets (as at 31 March 2007). The business, headed by Joe Scoby, operates two investment streams: single manager and multi-manager. The single manager stream under the O'Connor brand has USD 6.3 billion in invested assets. The multi-manager, global fund of funds business, comprised of Alternative Investment Solutions (AIS) and Alternative Funds Advisory (AFA), manages USD 45.5 billion in invested assets and additionally has commitments of approximately USD 1 billion in infrastructure and private equity funds of funds.
The A&Q business was established in June 2000 with USD 400 million in invested assets and now has 325 people operating in major financial centers around the world. Year-on-year, invested assets have grown by 35%.
Alternative and Quantitative Investments is recognized as a world leader and was again ranked #1 Fund of Hedge Funds in the InvestHedge Billion Dollar Club Survey in 2006.
John Fraser, Chairman and CEO of UBS Global Asset Management said, "Not only do we remain committed to alternative investment strategies for clients, UBS Global Asset Management is continuing to expand and invest in our very successful alternative investment business, Alternative and Quantitative Investments. It continues to be a key and growing part of UBS Global Asset Management and a great example of entrepreneurial leadership under Joe Scoby."
UBS is one of the world's leading financial firms, serving a discerning global client base. As an organization, it combines financial strength with an international culture that embraces change. As an integrated firm, UBS creates added value for clients by drawing on the combined resources and expertise of all its businesses.
UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking.
UBS is present in all major financial centers worldwide. It has offices in 50 countries, with about 39% of its employees working in the Americas, 35% in Switzerland, 16% in the rest of Europe and 10% in Asia Pacific. UBS's financial businesses employ some 80,000 people around the world. Its shares are listed on the SWX Swiss Stock Exchange, the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange (TSE).
Kris Kagel : +1-212-882-5691 Karina Byrne: +1-212-882-5692
New York, May 3, 2007